Irregular allocation of share capital
If a company makes allotment of shares against the rules of section 69 and 70, then any allotment is called irregular allotment i.e. allotment:- (1) the minimum subscription amount has…
Characteristics of a company promoter
(1) Knowledge of Acts: Although the company is established under the Indian Companies Act 1956, but other laws are also applicable to it, so the promoter has to comply with…
Company Promoter Required
Enforcement is needed for the following reasons: 1. It is the basic and first important step in the formation of a company. 2. Enforcement is the process of formation of…
Valuation of Goodwill
Meaning and definitions of reputation, Reputation is an invisible asset that cannot be seen, only felt. It is easy to describe. But its definition is difficult to give in certain…
Types of Fractions
According to Section 66 of the Companies Act, there can be only two types of capital issued after this Act and a company with limited liability by shares created after…
Irregular allocation of share capital
If a company makes allotment of shares against the rules of section 69 and 70, then any allotment is called irregular allotment i.e. allotment:- (1) the minimum subscription amount has…
Meaning and definitions of director / operator
The directors are the persons elected by the shareholders to run, manage and look after the business of the company. There is no clear definition of the word director in…
Meaning of Board of Directors
In the case of a company, the Board of Directors means the Board of Directors of the company. According to section 252 (3), the directors of the company are jointly…
Selection of Director by Small Shareholders
Section 252 has been amended by the Companies (Amendment) Act, 2000 to provide that a public company (a) having a paid-up capital of five crore rupees or more, and (b)…
Meaning and Definitions of Company Secretary
The word ‘secretary’ is derived from the Latin word ‘secretarius’ which means ‘officer to certify written letters’ or ‘trusted officer’. Meaning of Secretary According to the Oxford dictionary:- “Secretary is…